GBPUSD retests 100 day MA recent highs and 38.2% retracement

Technical Analysis

Author: Greg Michalowski | gbpusd

The price has not been above the 100 day MA since May

The price has not been above the 100 day MA since May
The GBPUSD has moved back up to retest:
  • Highs from Friday and Monday
  • 100 day MA
  • 38.2% of the move down from teh March 2019 high
  • The pair is also testing the 1.2500 level
The levels come in at 1.2500 to 1.2504.

A move above should see some stops and increased upside momentum

The price of the GBPUSD has not been above its 100 day moving average since mid-May.

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